Report
Baptiste Lebacq

Saipem : Une stratégie qui reste (encore) à clarifier pour le forage

>Opinion Alléger avec un OC ajusté à 4.2 € - Nous maintenons notre recommandation Alléger sur le titre. Après prise en compte de la publication et intégration de la guidance, nous avons revu à la hausse notre séquence de BPA. Notre nouvel objectif de cours ressort à 4.2 € et reste basé sur une somme des parties. Nous restons prudents compte tenu d’une stratégie encore très peu claire sur le devenir des activités de forage alors que le calendrier de la flotte en forage...
Underlying
Saipem S.p.A.

Saipem is a global contractor with local presence in Africa, Central Asia, America, the Middle East and South East Asia. Co. provides engineering, procurement, construction and installation services; and engineering, procurement and construction services to the oil and gas industry, both onshore and offshore, with a focus on projects, including activities in remote areas, in deep waters and on projects that involve difficult gas or crude supplies.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Baptiste Lebacq

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch